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Colleen Barone
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First time purchase- POS question

Colleen Barone
Posted Jul 7 2024, 19:21

Hi,

I am in the process of buying my first investment property and am using a realtor. About 5 days before closing, I found out there are POS violations; I was told by my realtor the old report expired and the inspector went out on 7/1. A new POS report was sent to me. 

My question is the old POS report that expired was valid for one year. So, the sellers were informed as to what needed to be taken care of. I know I can assume everything on the report. I guess I am trying to understand how I am just finding out about this right before close. Is this something my realtor should have looked into; asked about the POS report and either found out the sellers weren't going to fix things or ask for proof they were compliant? 

I am trying to educate myself so I just keep getting better at this process. Any insight would be appreciated!

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